By Isac Simon, The Motley Fool
Publication Date: 2026-06-04 23:55:00
Shares of Broadcom Inc. (NASDAQ:AVGO) tumbled more than 14% at one point today, wiping out nearly $300 billion in market value, following the company’s fiscal second-quarter earnings report after the market closed yesterday.
The fallout reverberated across the semiconductor space, with chip stocks Advanced Micro Devices, Intel, and Micron Technology all falling as the market reevaluated its expectations for AI semiconductor growth.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a “Double Down” signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same “Total Conviction” signal is flashing for a company 1/100th the size of Nvidia. Continue »
A subtle detail investors tend to miss
Yet the scale of the sell-off obscures an important detail. Just over a week ago, Broadcom shares were trading at roughly the same level as they are at today’s close. In effect, the stock merely surrendered gains…